CCTV Script 18/04/13
This is the script for CNBC's news report for China's CCTV on Thursday, 18 April.
Welcome to the CNBC Business Daily.
A draft immigration law in the U.S. aims to limit the number of workers that Indian outsourcing firms can send to the U.S. And that will drastically push up their operating costs. The draft of the law is making its way through the U-S senate, and backed by a group from both parties.
But is the bill an amnesty for illegal immigrants? Our next guest says probably not, instead he thinks the bill is an earned legalization program.
[Sound on tape by Demetrios Papademetriou, Former Director, US Department of Labor: This is a determined effort, not to disadvantage families per say because the bill has some very pro-family provisions, very important pro-family provisions. But the emphasis is on making the US economy more competitive by attracting and keeping in the United States the most talented people on earth.]
The bill also aims to deny new skilled worker visas - also called H1B visas - to firms with more than 75 percent of their workforce already on these visas.
This is all a part of the new immigration law that aims to give legal status to around 11 million illegal immigrants through a series of hurdles - which will take around ten years to complete. And Demetrios Papademetriou believes the process will benefit the American economy.
[Sound on tape by Demetrios Papademetriou, Former Director, US Department of Labor: The sense at this time is that by liberating this system from the weighing down of all of these unauthorized people - all of this people who are in the United States illegally - everybody benefits. Employers will benefit because they can have more productive workers, workers will benefit because they can vote with their feet and if they're not treated well they can go to another employer. They're likely to see greater wages, and of course, more generally, the country benefits because we have a system that treats people properly.]
Li Sixuan, from CNBC's Asia headquarters.